Wednesday, October 1, 2008

Alternate AIG Bailout Proposal

Dear friends;
I'm against the $85,000,000,000.00 (billion!) bailout of AIG.
Instead, I'm in favor of giving the $85,000,000,000 to America in
the form of an American Assistance Dividend.
To make the math simple, let's assume there are 200,000,000
bonafide U.S. Citizens 18+. Our population is about 301,000,000
+/- counting every man, woman and child. So 200,000,000 might be a
fair stab at adults 18 and up.
So divide 200 million adult citizens 18+ into $85 billion; that
equals $425,000.00.
My plan is to give $425,000 to every citizen 18+ as an American
Assistance Dividend.
Of course, it would NOT be tax-free.
So let's assume a tax rate of 30%.
Every individual 18+ has to pay $127,500.00 in taxes.
That sends $25,500,000,000 right back to Uncle Sam.
But it means that every citizen 18+ has $297,500.00 in their pocket.
A husband and wife has $595,000 .00.
What would you do with $297,500.00 to $595,000.00 in your family?
Pay off your mortgage - housing crisis solved.
Repay college loans - what a great boost to new grads
Put away money for college - it'll be there
Save in a bank - create money to loan to entrepreneurs.
Buy a new car - create jobs
Invest in the market - capital drives growth
Pay for your parent's medical insurance - health care improves
Enable Deadbeat Dads to come clean - or else
Remember this is for every adult U S Citizen 18+ including the
folks who lost their jobs at Lehman Brothers and every other
company that is cutting back. And of course, for those serving in
our Armed Forces.
If we're going to re-distribute wealth, let's really do it...
instead of trickling out a puny $1000.00 ( "vote buy" ) economic
incentive that is being proposed by one of our candidates for President.
If we're going to do an $85 billion bailout, let's bail out every
adult U S Citizen 18+!
As for AIG - liquidate it. Sell off its parts. Let American
General go back to being American General.
Sell off the real estate. Let the private sector bargain hunters
cut it up and clean it up.
Here's my rationale. We American citizens deserve it and AIG doesn't.
Sure it's a crazy idea that can "never work."
But can you imagine the Coast-To-Coast Block Party!
How do you spell Economic Boom?
I trust my fellow adult Americans to know how to use the $85
Billion American assistance Dividend more than I do the geniuses at
AIG or in Washington DC.
And remember, the plan only really costs $59.5 Billion, because
$25.5 Billion is returned instantly in taxes to Uncle Sam.
Now this is a plan I can support.

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